News Coverage | Newsroom | Cox Automotive

Cox Automotive Makes Bold Move with Subscription Services 09/12/2018 CBT Automotive is speaking today with Cox Automotive members: Joe George, president of Mobility Solutions, David Liniado, vice president of New Growth and Development, and Vince Zappa, president of Clutch Technologies to discuss the future of the automotive industry, and find out what consumers really want. Cox Automotive is expanding their business model to include a new branch of the automotive industry, vehicle subscription services. By acquiring… Read Article

Mobility Solutions Group News Coverage

New Study Offers Blueprint for Dealership Fixed Ops Staffing Success 08/19/2019 Automotive News, Aug. 19, 2019 -- The shortage of talented auto service technicians is acute and growing. The turnover of service advisers at new-vehicle dealerships has come to resemble a revolving door. Workers younger than baby boomers aren't especially interested in dealership jobs, including those in the service department, parts desk and body shop. Even as franchised dealerships must rely on service revenue for an ever-greater share… Read Article

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CPO Gains Some Year-Over-Year Steam to Start 2nd Half 08/19/2019 Auto Remarketing, Aug. 19, 2019 -- It was a great start to the second half of the year for the certified pre-owned car market. There were 236,579 CPO vehicle sales in July, which beat year-ago figures by 6%, despite trailing June figures by 2%, says a new Data Point report from Cox Automotive, which cites Motor Intelligence data. This follows a first half where sales were up… Read Article

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Misconceptions About EVs Hindering Demand 08/19/2019 Automotive News, Aug. 19, 2019 -- Cost and practicality are deterring customers from buying electric vehicles, according to a Cox Automotive study. But Cox says much of the concern is based on misconceptions. "A lot of it is misconception and an education opportunity for manufacturers and dealers," said Rachelle Petusky, manager of research and market intelligence for Cox Automotive's mobility group. "Their understanding of EV is… Read Article

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Tesla Is An EV Brand Awareness Juggernaut Compared To Competition 08/19/2019 Forbes, Aug. 19, 2019 -- When it comes to electric vehicle brand awareness in the marketplace, Elon Musk’s Tesla by far surpasses all others, according to a study released Monday by Cox Automotive. When asked what brands of electric vehicles they were aware of, 81% of consumers responding who said they are considering an electric vehicle purchase named Tesla. Far behind were Toyota Motor Co. at 52%, Chevrolet… Read Article

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Cox Automotive’s Isabelle Helms Discusses the Latest Recruiting Trends For Dealers 08/12/2019 CBT News, Aug. 12, 2019 -- Attracting the top talent is always on every dealer’s mind, however as the workforce begins to change, so should recruiting strategies. On today’s show, CBT News takes a look at our recent conversation with Isabelle Helms, vice president of research and marketing intelligence for Cox Automotive. She discusses key findings from the 2019 Dealership Staffing Study, and what they mean… Read Article

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PODCAST: Practical Uses of AI at Auto Auctions, Dealerships & in Mobility 07/06/2019 Auto Remarketing, July 6, 2019 -- In this episode, recorded at the company's Detroit-area offices, Cox Automotive chief product officer Marianne Johnson discusses practical uses of artificial intelligence for dealers and auto auctions, the use of AI in alternative vehicle usage and connecting the online to in-store experience for car dealers. Plus, she shares how dealers can be good stewards of data. Listen here Read Article

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Why Current U.S. Fleet Sales Won’t ‘Haunt’ Industry 06/29/2019 Automotive News Weekend Drive, June 29, 2019 -- Automotive News Reporters Michael Martinez and Mike Wayland are joined by Jonathan Smoke, chief economist, Cox Automotive, on Weekend Drive to discuss the first half of the year and how the market has fared so far. They discuss several factors affecting the market, including how lower discounts and different customers are helping to fuel "healthier" U.S. fleet sales… Read Article

News Coverage Smoke on Cars

Increasingly More Affordable Than New, Used Cars Become ‘Strongest Part of Market’ 06/28/2019 Auto Remarketing, June 28, 2019 -- Cox Automotive chief economist Jonathan Smoke emphasized that the statement he was about to make was “not a negative thing.” Smoke and other Cox Automotive leaders were speaking to reporters and others gathered at the company’s Detroit-area offices on Wednesday, discussing Cox's 2019 Mid-Year Review and Outlook report. “The strongest part of the market — from a retail sales perspective, it’s driving… Read Article

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U.S. Sales Projected to Fall 6th Straight Month 06/28/2019 Automotive News, June 28, 2019 -- For just the third time in a decade, the U.S. auto industry is expected to enter the summer selling season without a monthly sales gain. Light-vehicle deliveries are predicted to decline between 1.5 and 3.3 percent this month from June 2018, according to estimates from four forecasters. That would mark the sixth straight month of declines and the third time… Read Article

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Fleet Sales Soar To Historic Levels And That’s A Good Thing 06/26/2019 Forbes, June 26, 2019 -- Fleet sales have always been the low-profit bottom feeders for automakers looking to keep assembly plants running and padding monthly sales reports. But an analysis presented by Cox Automotive on Wednesday indicates the carp of the car industry has suddenly become attractive game that is not only growing to historic levels, but pulling in higher profits. “If our forecast is correct for… Read Article

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